Cashback Credit Cards in India (2024)
'%3e%3cpath%20stroke='%23000'%20stroke-linecap='round'%20stroke-linejoin='round'%20stroke-width='1.5'%20d='M13.5%202.00005S9.0811%208%207.5%208c-1.5812%200-6-6-6-6'/%3e%3c/g%3e%3cdefs%3e%3cclipPath%20id='a'%3e%3cpath%20fill='%23fff'%20d='M14.5.5v9H.5v-9z'/%3e%3c/clipPath%3e%3c/defs%3e%3c/svg%3e){kind=small}
FEATURES
- Earn INR 500 intro cashback.
- 1% cashback on spending more than INR 5 lakhs/month.
- 0.25% to 0.50% cashback on spending less than 5 lakhs/month.
WELCOME OFFERS
- Avail INR 500 cashback when you make a transaction of INR 10,000 in a day.
- The offer is available for transactiona made within the initial 30 days of card issuance.
- The offer is valid on first swipe only.
FOREIGN TRANSACTION FEE
-1% *Applicable Taxes
FRAUD LIABILITY
Zero card lost liability protection
FEATURES
- Spend INR 100 or more on groceries or at a department store and earn 5 times extra reward points.
- When you make purchases in other categories, you can earn one reward point for every INR 100 spent.
- Get 1% off on fuel surcharge for transactions between ₹400 - ₹5,000 at all fuel stations in India, up to ₹250 per billing cycle.
WELCOME OFFERS
- Free one-year subscriptions to Amazon Prime, Zomato Pro, and Fitpass (available with the Varunah Plus and Varunah Premium Credit Cards), as well as 1,000 additional Reward Points with the Varunah Premium Card.
FOREIGN TRANSACTION FEE
3.5% *Applicable Taxes
FRAUD LIABILITY
Zero card lost liability protection
FEATURES
- Accumulate 10X reward points on Apollo 24x7/BookMyShow/ Cleartrip/ Dominos/ Eazydiner/ Myntra/ Netmeds/ Yatra.
- For all other online expenses, get 5X reward points.
- Starting from the second year, delight in the annual membership fee being waived.
WELCOME OFFERS
- Pay the joining fees and get an Amazon voucher worth INR 500 for free.
FOREIGN TRANSACTION FEE
3.5% *Applicable Taxes
FRAUD LIABILITY
N/A
FEATURES
- INR 1,000 off on domestic flight bookings with a minimum transaction of INR 5,000.
- 20% off on domestic hotels with a minimum transaction of INR 3,000 and a maximum discount of INR 2,000.
- Earn 6 reward points for every INR 100 spent on international spends with up to 5,000 reward points per month.
WELCOME OFFERS
- Pay the joining fees and get an yatra.com voucher worth INR 8250 for free.
FOREIGN TRANSACTION FEE
3.5% *Applicable Taxes
FRAUD LIABILITY
NA
FEATURES
- INR 100 cashback on the first HPPay purchase.
- 5% cashback on utilities, groceries, and stores.
- Complimentary 24x7 Road Assistance Service (RAS).
WELCOME OFFERS
- Earn 2,000 Reward Points upon card activation and fee payment. This is available when you spend INR 5000 within 2 months of joining the card.
- Get INR 100 added to the HP Pay app wallet as cashback as the joining benefit.
FOREIGN TRANSACTION FEE
3.5% *Applicable Taxes
FRAUD LIABILITY
N/A
FEATURES
- 1% surcharge waiver on fuel purchases.
- 2 Reward Points for every INR 100 spent.
- 2.5% cashback on fuel purchases of a minimum of INR 500.
WELCOME OFFERS
- Offers from the ICICI Bank Culinary Treats program.
- Lifestyle: 25% off BookMyShow movie tickets & dining discounts.
FOREIGN TRANSACTION FEE
1.99% *Applicable Taxes
FRAUD LIABILITY
N/A
FEATURES
- Receive 2% back in the form of NeuCoins when spending on Tata Neu and associated Tata Brands. Check the complete list of qualifying brands.
- Get a 1% reward in NeuCoins for purchases made outside of Tata brands and for Merchant EMI transactions.
- After downloading the Tata Neu App and registering for Tata NeuPass, gain an extra 5% in NeuCoins for specific categories on the Tata Neu App/Website.
WELCOME OFFERS
- Unlock INR 1499 Neu coins with your credit card as the reversal of your 1st year membership fee.
- The reward will be given on completing 1 transaction within first 30 days of card issuance.
- It will be available in Tata New App within 60 days of any such transaction.
FOREIGN TRANSACTION FEE
2% *Applicable Taxes
FRAUD LIABILITY
Up to ₹9 lakhs
FEATURES
- Fuel Benefits: Earn reward points at a rate of 13 times the normal rate when you make fuel purchases at BPCL petrol pumps.
- Reward Points: Get rewarded with 5 times the regular reward points for every ₹ 100 spent on groceries, departmental stores, movies, and dining.
WELCOME OFFERS
- You will receive a bonus of 2,000 reward points worth Rs. 500 upon card activation
FOREIGN TRANSACTION FEE
3.5% *Applicable Taxes
FRAUD LIABILITY
No
FEATURES
- Enjoy 1% value on shopping in the form of 5 reward points for every INR 100 spent.
- Get 4% value back on fuel transactions in 20 reward points for every INR 100 spent at the IOCL outlet.
- Discount of up to 15% at partner restaurants in India.
WELCOME OFFERS
- 100% cashback on your first fuel transaction completed in the first 30 days of card issuance.
- Movie: 10% off on BookMyShow.
FOREIGN TRANSACTION FEE
3.5% *Applicable Taxes
FRAUD LIABILITY
NA
FEATURES
- Receive 2% back in the form of NeuCoins when spending on Tata Neu and associated Tata Brands. Check the complete list of qualifying brands.
- Get a 1% reward in NeuCoins for purchases made outside of Tata brands and for Merchant EMI transactions.
- After downloading the Tata Neu App and registering for Tata NeuPass, gain an extra 5% in NeuCoins for specific categories on the Tata Neu App/Website. Learn more about the Tata NeuPass.
WELCOME OFFERS
- Unlock 499 NeuCoins on Tata neu app as the reversal of 1st year membership fee.
- The coins are gained on completing a transaction within the first 30 days of the card issuance.
- The coins are available for claim only for the 60 days of any such transaction in the tata New App.
FOREIGN TRANSACTION FEE
3.5% *Applicable Taxes
FRAUD LIABILITY
Zero lost card liability
FEATURES
- Received 10 reward points for every Rs. 100 spent on dining, groceries, departmental stores, and movies
- Insurance Benefits - Air accident death cover Upto Rs 50 lakh and fraud liability cover of Rs. 1 Lakh.
WELCOME OFFERS
- As a welcome gift, you will receive an e-gift voucher worth Rs. 3,000 from top brands such as Bata, Hush Puppies, Pantaloons, Aditya Birla Fashion, Shoppers Stop, or Yatra.com.
FOREIGN TRANSACTION FEE
3.5% *Applicable Taxes
FRAUD LIABILITY
Lost card liability cover Rs. 1 Lakh
FEATURES
- Enjoy 6X reward points on online shopping for expenditures not exceeding ₹20,000 per month.
- Get 3X loyalty points for offline purchases up to a limit of ₹20,000 every month.
- Get up to 4 free domestic and international airport lounge entries each quarter.
WELCOME OFFERS
- Earn a ₹500 introductory bonus when you spend at least 15,000 within the first 90 days of activating your card.
- Get a 5% cash rebate, up to a maximum of ₹1,000, on your first EMI payment made within 30 days of card activation.
FOREIGN TRANSACTION FEE
1.5% *Applicable Taxes
FRAUD LIABILITY
Lost Card Liability Cover of Rs. 50000
FEATURES
- Eat out and enjoy INR 1000 off every time you pay via PayEazy.
- Get 2 complimentary lounge access every quarter.
- Enjoy a 1% fuel surcharge waiver on fuel transactions.
WELCOME OFFERS
- Benefit from a 12-month EazyDiner Prime membership valued at INR 2,495.
- Secure a 25% to 50% discount at over 2000 premium eateries & lounges.
- Avail exclusive Prime advantages such as tripling your EazyPoints and use them for complimentary stays in luxury hotels or meals without any charge.
- Receive a welcoming bonus of 2000 EazyPoints.
- Get an exclusive voucher for The Postcard Hotel valued at INR 5,000. Immerse yourself in a luxurious getaway at captivating locations within India and globally.
FOREIGN TRANSACTION FEE
3.5% *Applicable Taxes
FRAUD LIABILITY
Not Cover By Bank
FEATURES
- Gain 5% cashback on all online spending.
- Get 1% cashback on all offline spending.
- Enjoy a 1% fuel surcharge waiver across all petrol pumps in India.
WELCOME OFFERS
- N/A
FOREIGN TRANSACTION FEE
3.5% *Applicable Taxes
FRAUD LIABILITY
Zero Lost Card Liability Cover
FEATURES
- 4 Reward Points per Rs. 200 on all categories except a few.
- Utilities, tax payments, and bus lines get you 2 Reward Points per Rs. 200.
- Exciting offers on dining, shopping, travel, and wellness.
WELCOME OFFERS
- Get the Amazon gift voucher worth Rs.500 on spending Rs.1000 within 30 days of card setup (valid for online applied cards only)
FOREIGN TRANSACTION FEE
2.75% *Applicable Taxes
FRAUD LIABILITY
Lost Card Liability Cover of Rs. 1.3 Lakh
FEATURES
- Get to earn 2 times more reward points, 4 reward points, for every ₹150 spent online.
- Pay all your vendors and supplier bills with a Business MoneyBack credit card and enjoy a 50-day interest-free period.
- If you spend INR 1.8 Lakh in a year, you will receive a bonus of 2,500 reward points for every anniversary year.
WELCOME OFFERS
- N/A
FOREIGN TRANSACTION FEE
3.5% *Applicable Taxes
FRAUD LIABILITY
Zero Lost card liability
FEATURES
- Enjoy the amazing 10% cashback on Zomato, Swiggy, and Bigbasket.
- Get 4 complimentary lounge visits per year.
- Eran 10% cashback on utility bill payments made via Airtel Thanks App.
WELCOME OFFERS
- Get an Amazon eVoucher of INR 500 on the first transaction made within 30 days.
FOREIGN TRANSACTION FEE
3.6% *Applicable Taxes
FRAUD LIABILITY
Lost Liability Cover
FEATURES
- Accumulate 4X reward points on spending ₹150.
- Enjoy the credit limit of a minimum of 100% of the FD value.
- Get 1% fuel surcharge waiver.
WELCOME OFFERS
- Movie: Get 50% on movie ticket booking via BookMyShow
FOREIGN TRANSACTION FEE
-1% *Applicable Taxes
FRAUD LIABILITY
Lost Card Liability Cover Rs. 25000
FEATURES
- Accumulate 3X reward points on other retail transactions.
- Reward yourself with 5% savings on utility and grocery expenses.
- Get a 1% fuel surcharge waiver on fuel purchases at Authorized HPCL Fuel stations.
WELCOME OFFERS
- Enjoy the welcome benefit of ₹2500.
- Get ₹500 cashback on your first fuel transaction of ₹500 or more at HPCL stations.
- Enjoy 5% cashback, capped at ₹1,000, on the amount of your first EMI conversion transaction.
- Receive a ₹150 discount on Swiggy orders over ₹500.
- Avail ₹1000 off on car rentals through ZoomCar.
- Benefit from discounts of up to 50% on both domestic and international car rentals with Eco Rent-A-Car and Europcar.
- Note: All these offers are valid within 30 days of setting up your card.
FOREIGN TRANSACTION FEE
3.5% *Applicable Taxes
FRAUD LIABILITY
Lost Card Liability Cover of Rs. 25000
FEATURES
- Get 20% off a maximum of up to INR 700 on 1 transaction on Myntra shopping.
- Earn 15% cashback on Ola cab bookings with capping of INR 600 monthly.
- Enjoy a 25% discount on domestic hotel bookings up to INR 4000 maximum.
WELCOME OFFERS
- The DigiSmart credit card charges a modest INR 49 monthly fee, waived on spends of INR 5000 in the following month.
- The same benefits as the primary card, with a waived monthly fee upon spending INR 5000.
FOREIGN TRANSACTION FEE
3.5% *Applicable Taxes
FRAUD LIABILITY
NA
What is Best Cashback Credit Cards?
A Best Cashback Credit Card is a fantastic option that rewards you with cashback on your purchases. Essentially, every time you use this credit card, you earn a percentage back of the amount you spend. This cashback offer typically applies to specific categories like online shopping, utility bill payments, and fuel expenses. It's common to find many credit cards that feature these cashback rewards.
How Does Cashback on Credit Cards Work?
It's quite straightforward: when you spend INR 1,999 in an eligible category, your card will give you a percentage of that amount back. For example, with a 2% cashback offer, you could receive around INR 40. If your yearly credit card expenditure is INR 1,00,000, you could save INR 2,000 with a 2% cashback rate.
The only thing to keep in mind is that different credit cards offer cashback for specific categories. For instance, one card might give you 1% cashback on online purchases and 2% on dining out. It's important to review the details and align them with your spending habits before applying for a card.
Regardless of the cashback percentage, it's essential to make timely payments on your cashback credit card to truly benefit. Remember, failing to pay on time will result in interest charges, which could cancel out the cashback you've earned.
Typically, the cashback is credited to your card on a monthly basis. This means that your cashback credit card statement will show a lower amount than what you spent (which is a nice surprise!). Some issuers provide annual cashback credits, while others transfer the amount to your bank account.
Benefits Of Cashback Credit Cards
Besides earning cashback on various categories, cashback credit cards offer a multitude of benefits that you should consider, including signup bonuses and 0% APR. Let's explore further.
- Welcome Perks: Upon activating your card, you unlock the exciting world of credit card welcome benefits. Whether it's a shopping voucher worth INR 1000 or 2000 reward points, owning the card comes with a delightful gift. Some cards may require you to pay joining fees or meet minimum spending requirements to enjoy this perk, so be sure to check out the welcome bonuses available on different cards to make an informed decision.
- Milestone Benefits: Certain cashback credit cards reward you for reaching minimum spending thresholds within a quarter or annually, known as milestone benefits. Make sure to review the milestone benefits offered by your preferred credit card, and don't forget to check the minimum purchase requirements as well.
- Travel Benefits: Even if you don't have a dedicated travel credit card, you can still enjoy a range of perks for your travel plans with a cashback credit card. From discounts to airline vouchers, these cards offer various benefits for all your travel needs. Plus, you can earn cashback on your next travel transaction, adding to the savings.
- Dining and Entertainment Benefits: Another highlight of cashback credit cards is the dining and entertainment perks they offer. Whether you're planning a weekend outing or simply looking for a reason to indulge, these cards provide discounts on a variety of restaurants, free movie tickets, cashback, and more to enhance your spending experiences.
Types of Cashback Credit Card Rewards
Not all cashback credit cards are created equal, as they may not suit everyone's needs and preferences., each offering its own unique rewards system. Whether it's a flat rate or a tiered cashback system, understanding the different types of cashback rates is crucial before filling out that online application form. These rates can greatly impact your annual savings.
- Flat-Rate: The flat-rate cashback system is one of the most common you'll encounter with cashback credit cards. Typically, these cards offer a fixed percentage (usually between 1-3%) of your spending back to you. What's great about this system is that you know exactly what to expect in terms of cashback rewards.
- Tiered: On the other hand, tiered cashback systems offer varying rates depending on the spending category. For example, a credit card might offer 5% cashback on online purchases and entertainment, while only giving 3% cashback on travel expenses.
- Dynamic Bonus Categories: Credit cards often feature accelerated cashback rewards in specific categories, which may change periodically. This dynamic system allows you to maximize your savings based on your spending habits.
- Rotating Bonus Categories: Certain credit card issuers rotate cashback categories every quarter, offering higher rewards on different spending areas. While these cards usually don't have an annual fee, meeting spending requirements is necessary to fully benefit from the cashback offers.
- Choose Your Own Category: Some cashback cards allow you to customize your rewards by selecting the category in which you'll earn higher cashback rewards. This feature ensures that you can tailor your savings to align with your specific spending preferences.
Way to Maximizing the Benefits of Your Cashback Credit Card
Looking to make the most of your cashback credit card? Here are some valuable tips to help you do just that:
- Always Pay Your Balance in Full: The key to fully enjoying your credit card perks is to always clear your statement balance. By avoiding interest charges, you not only save money but also unlock more rewards and cashback opportunities. Keeping a budget handy is crucial to ensure you never carry a balance that you can't pay off in full.
- Grab a Lucrative Sign-up Bonus: When choosing a cashback credit card, don't overlook the sign-up bonus. Many issuers offer enticing bonuses for new cardholders, so be sure to find a card that offers a great sign-up offer – just be mindful of any minimum spending requirements.
- Activate Bonus Categories Every Quarter: Identify where you spend the most each month – whether it's on utility bills, groceries, or online shopping – and make sure to activate the bonus category on your credit card each quarter. This way, you can maximize your cashback earnings by taking advantage of higher rewards in specific spending categories.
- Consider Pairing Your Cards: Enhance your cashback potential by combining your credit cards strategically. By using each card for the categories where it offers the most benefits, you can optimize your rewards and cashback earnings.
- Explore the Card's Online Shopping Portal: Keep an eye out for special credit card offers whenever you shop online or in-store. Whether you're shopping on Amazon or ordering food online, your card may have exclusive deals waiting for you. Don't miss out on these opportunities to save and earn extra cashback.
- Avoid Unnecessary Spending: While earning rewards is great, it's important not to overspend just to earn more cashback. Always prioritize responsible spending and budgeting to ensure that you're not accumulating unnecessary debt in pursuit of rewards. Remember, it's about maximizing benefits without compromising your financial well-being.
Pros and Cons of Cashback Credit Cards
Cashback credit cards offer a plethora of benefits, but it's essential to weigh the positives and negatives before diving in.
Pros
- Reward Earnings: The concept is straightforward: the more you spend with your cashback card, the more rewards you accumulate. It's a simple way to earn while you spend.
- Flexible Rewards: Unlike travel credit cards, cashback rewards offer versatility. Use your cashback for anything you desire – be it groceries, fuel, or even paying off your card balance.
- No Restrictions: Unlike points-based rewards, cashback doesn’t impose restrictions on redemption. Use your cashback for any purpose you choose.
Cons
- Higher Interest Rates: Some cashback credit cards come with higher interest rates compared to other credit card types. This can diminish the value of your cashback rewards if you carry a balance.
- Annual Fees: Certain cashback cards have annual fees, which could offset the benefits if you don't earn enough cashback to cover the fee.
- Limited Benefits: Cashback rewards may not be as valuable compared to the perks offered by other types of credit cards, such as travel or lifestyle cards.
© 2025 Buyhatke Internet Private Limited. All rights reserved.